Your unit in fact does have the diode matrix stereo/mono switching circuit -- it is built onto the small vertical board located right behind the mode selector switch. Therefore, the stereo/mono switching circuit can't be the problem unless there is a lose connection on the board, which is unlikely.
Since you now indicate that it only happens in stereo mode, that shines a light on the MPX sub-chassis then, where in your case, it looks like you have not recapped the output coupling caps. The style of caps that Fisher used were good at holding their value, and good at not leaking, but rather infamous for becoming intermittent with time -- which is exactly the symptom you are describing. Replacing those caps (size appropriate caps required) will quite likely solve your problem.
Dave
Since you now indicate that it only happens in stereo mode, that shines a light on the MPX sub-chassis then, where in your case, it looks like you have not recapped the output coupling caps. The style of caps that Fisher used were good at holding their value, and good at not leaking, but rather infamous for becoming intermittent with time -- which is exactly the symptom you are describing. Replacing those caps (size appropriate caps required) will quite likely solve your problem.
Dave